Howard Hughes

HHH

Market cap $5.28B

Ackman is known for his concentrated bets. These are his best ideas today.

Governor Katie Hobbs joins regional leaders in welcoming first residents to new 37,000-acre master planned community set to transform economic opportunity in one of America's fastest-growing regions Governor Katie Hobbs joins regional leaders in welcoming first residents to new 37,000-acre master planned community set to transform economic opportunity in one of America's fastest-growing regions

Bill Ackman only buys shares in businesses that he believes are high quality but undervalued. His hedge fund, Pershing Square, owns shares in only a handful of companies.

Howard Hughes remains a 'Hold' due to valuation concerns and uncertainty around its new insurance ambitions under Pershing Square's influence. Pershing's large stake and Ackman's leadership bring potential, but the insurance strategy introduces significant execution risks and lacks clarity. While HHH posted strong 3Q25 results and maintains a robust cash position, its long-term returns and lack of dividends remain unattractive.

Howard Hughes Holdings Inc. ( HHH ) Q3 2025 Earnings Call November 10, 2025 10:00 AM EST Company Participants Joseph Valane - General Counsel David O'Reilly - CEO & Director Carlos Olea - Chief Financial Officer William Ackman - Executive Chairman Conference Call Participants Anthony Paolone - JPMorgan Chase & Co, Research Division Alexander Goldfarb - Piper Sandler & Co., Research Division Jonathan Petersen - Jefferies LLC, Research Division Presentation Operator Good day, and thank you for standing by. Welcome to the Howard Hughes Third Quarter 2025 Earnings Conference Call.

The headline numbers for Howard Hughes Holdings (HHH) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Howard Hughes Holdings (HHH) came out with quarterly earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.95 per share a year ago.

THE WOODLANDS, Texas, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company,” “HHH,” “Howard Hughes,” or “we”) today announced operating results for the third quarter ended September 30, 2025. The financial statements, exhibits, and reconciliations of non-GAAP measures in the attached Appendix and the Supplemental Information, as available through the Investors section of our website, provide further detail of these results.

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Howard Hughes Holdings (HHH), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2025.

Howard Hughes Holdings raised full-year AOCF guidance to $410 million, signaling a clear operational inflection. Pershing Square's $900 million investment and Ackman's return bring disciplined, long-term capital allocation. Record land prices and strong Ward Village pre-sales reinforce recurring cash flow visibility.